The recent interest rate cut has resulted in challenges and opportunity for small businesses.

This March Westpac said it would reduce the cost of variable interest rates on home loans

The 0.25 percent interest rate cut on an average $400,000 home loan over 30 years results in repayments falling by $60 to $1,800, and an interest saving of $20,000 over the life of the loan.

COVID-19 will have a direct impact on the Australian economy and Westpac has stated they support small business and home loan customers.

The opportunity to borrow for business is enhanced with the right set up working with Ez Solutions and COVID-19 brings change and new opportunity.